Workarounds to the Strait of Hormuz chokepoint and a drop in crude imports to China helped ease the impact of lost Persian Gulf oil supplies.
Source: [MarketWatch](https://www.marketwatch.com/story/oil-is-set-for-the-largest-quarterly-price-drop-in-6-years-as-historic-supply-crunch-eases-57d52bab?mod=mw_rss_topstories)